Property Tax (Valuation by Gross Receipts for Port Facilities) Order

any fees or charges derived from any port operations; and

any other revenue which is derived directly from a port facility;“port facility” means —

Tanjong Pagar Terminal;

Keppel Terminal;

Brani Terminal;

Pasir Panjang Terminal;

Sembawang Wharves;

Pasir Panjang Wharves; and

[Deleted by S 147/2005](h)any other container terminal owned by PSA Corporation Ltd;“port operations” means the operations carried out at a port facility including the handling of containers and cargo, stevedorage, dockage, pilotage, berthing, unberthing, transhipment, the provision of reefer services, the transportation of passengers by vessel, the rental of equipment and the use of a port facility or any part thereof for profit or reward;“PSA” means the Port of Singapore Authority established under the repealed Port of Singapore Authority Act (Cap.236, 1985 Ed.);“PSA Corporation Ltd” means the Port of Singapore Authority Corporation Ltd, a company incorporated under the Companies Act (Cap.50), and its successors and assigns, by whatever name called.

for the period from 1st October 1997 to 31st December 1997 shall be 9% of the gross receipts arising from the port operations carried out at the port facility by PSA in 1996;

for the year 1998 shall be 9% of the combined gross receipts arising from the port operations carried out at the port facility —

by PSA for the period from 1st January 1997 to 30th September 1997 (both dates inclusive); and

by PSA Corporation Ltd for the period from 1st October 1997 to 31st December 1997 (both dates inclusive); and

for the year 1999 and every subsequent year shall be 9% of the gross receipts arising from the port operations carried out at the port facility by PSA Corporation Ltd in the preceding calendar year.

for the year following the year in which that port facility or any part thereof is demolished or ceases to be used as a port;

where the port facility or any part thereof is, or was in the calendar year immediately preceding the year of assessment, leased out by PSA Corporation Ltd; or

where the port facility or any part thereof has not been used by PSA Corporation Ltd as a port.